This is the final episode of the current series. Hopefully we will reconnect soon.

Accounting and Finance are not the same ............... today we will chat about the main differences between the two.  Finance is the MANAGEMENT of money whereas Accounting is the RECORDING and REPORTING of transactions. Please send your comments and suggestions to Faisal at [email protected]

Covid has taught us many lessons, among them being that to lead a simple and straightforward and fulfilling life, one doesn't need a lot of money! Please send your comments and suggestions to Faisal at [email protected]

If you are not aware of the potential possibilities of investing in the stock market then you really are missing out. And with the current interest rates so low, you will receive very little on your traditional bank deposits and savings account, and so you do need to find alternatives where you can start placing some of your cash to enhance your returns.  So, you must teach yourself at least the basics of how to invest in the stock market. Please send your comments or suggestions to me,...

Choosing a new bank and opening a new bank account is an important decision.  So take your time and do your research before you decide which bank to open the account with.  And the best research is talking to people about their personal experiences with the banks that they deal with.  Send your comments and suggestions to Faisal at [email protected]  

Remember that shopping malls are designed and structured the way they are to specifically entice you and me to buy things that we didn’t plan to buy …………… and to spend money that we didn’t intend to spend when we entered the mall. The problem is not our planned expenses …………. the problem is the UNPLANNED and the impulse spending that we all do at the malls. Please feel free to comment or make suggestions to me, Faisal, at [email protected]

Making financial decisions in a hurry or under pressure can be a recipe for disaster!  Always take your time ........... nothing is runnig away and that pause can save you money and future hassles! Please comment or make suggestions at [email protected]

What is Finance? What do we mean by it? Is it the same as accounting?  Lets find out! Please send your comments and suggestions to Faisal at [email protected]

The concept of Opportunity Cost and its use gives you a better chance of making the right financial decision.  It prompts you to consider what other alternatives there are, and especially the next best alternative that you are giving up to do what you are thinking of doing. Please send me your comments and suggestions at [email protected]

Health is wealth!  Make looking after yourself and your health near the top of your list of FINANCIAL priorities.     Please send me suggestions or comments at [email protected]  

Buying a new car has many advantages but exploiting the financial benefits of buying a used car may be preferable.  Here are some simple thoughts to help you make that decision. Please send your comments and suggestions to [email protected].

Einstein said that Compound Interest is the eighth wonder of the World! What did he mean by that?  What is compound interest and how can you use this to grow your investments?   Please email me comments and suggestions at [email protected] Regards Faisal Hasnain  

You know, doing business with family and friends may have some advantages, but the potential disadvantages often out-do the advantages and today we'll have a look at this. Please email me your comments and suggestions at [email protected]

When borrowing money (and this specifically includes spending on credit cards), you must understand whether you are incurring a good debt or a bad debt.  Good debt will help you to grow financially, whereas bad debt will eat into your income and resources and you will be left with nothing to show for it.   Please email me your thoughts and comments at [email protected]

Making an investment is relatively easy and the bankers and other financial advisors will make this easy for you, because they want you to invest your money with them.  But before you make any investment, make sure you know how to get out of that investment and are very clear what is required in case you want to liquidate and encash your investment.   Sometimes that is more important than making the invsement. Please email me your comments and suggestions at [email protected] 

Anita Roddick, the founder of Body Shop one said that "Being good is good for business."  That is so true in so many ways and I decided to discuss that with my young daughter while dropping her off to school.  i then thought that conversation may be an interesting episode for my podcast ................. so here goes!  The conversation in the car is a bit low on volume so please excuse that ! You can email me your comments and suggestions at [email protected]

When faced with lofty, impressive but unverified numbers, you must do your own due diligence and ask a lot of questions.  People use all sorts of financial tricks to enhance their results to attract new clients or to show a better performance than is actually the case.   You can email me your comments on [email protected].

Insurances are an important part of our  personal risk management.  We should know what we are insuring ourselves for and why.  We should know the exclusions in the policy and the process for making a claim.  Also, an all inclusive insurance policy may not be necessary, and excluding certain items may lower your premium without necessarily increasing your risks.  Also, you should take more than one policy quotation and compare the premiums and the benefits that different insurers offer.   

You must have your own personal financial plan a have a disciplined approach to saving and investing your savings.  And you must understand what you are doing and invest only in products that you have researched and understand.  

Its sad to see sports superstars who made millions during their careers but who then ended up bankrupt.  There are many reasons for this and many lessons to be learned from these stories.  There are many people out there who are waiting to take you for a ride, especially if you are rich, and one must learn and appreciate how to protect one's money.

Rich Dad Poor Dad is a book written by Robert Kiyosaki that was published in 1997.  Its quite a controversial book and one which I would recommend to any upcoming professional.  It teaches the difference between an asset and a liability and the importance of accumulating assets that generate passive income.

Mr Arcad of ancient Babylon teaches us many lessons to set us on our way to becoming wealthy!